Potential W pattern.
We still are in the rally.
MACD cross.
Long trade opportunity:
-Entry=16.2
-Profit target=20.8
-Stop Loss=14.9
If we break the black line resistance, we should see strong buy to confirm the pattern.
We still are in the rally.
MACD cross.
Long trade opportunity:
-Entry=16.2
-Profit target=20.8
-Stop Loss=14.9
If we break the black line resistance, we should see strong buy to confirm the pattern.
Trade active:
16.2 act as a support
Comment:
We failed one breakout because of small volumes. Now we see a breakout on the 4-hour chart, but we need a clear increase of volume to confirm the pattern.
We failed one breakout because of small volumes. Now we see a breakout on the 4-hour chart, but we need a clear increase of volume to confirm the pattern.
Comment:
Pattern confirmed.
16.060 support broken with a green candle with great volume.
W pattern seemed to be confirmed, bulls would buy more soon.
Profit target : 20.8 but you could put another one smaller to save profits.
Pattern confirmed.
16.060 support broken with a green candle with great volume.
W pattern seemed to be confirmed, bulls would buy more soon.
Profit target : 20.8 but you could put another one smaller to save profits.
Bullflag pattern forming, the same as Bitcoin.
RSI shows bearish divergence on the hour-chart, that could lead to a fail of the W pattern.
Conclusion : if the bull flag breaks down and fail, then we would retest blue channel support and the principal maroon trend line of the rally.